DHFL Home Loan EMI Calculator

DHFL Home Loan - Lowest EMI is Rs. 776 per lakh

Last Updated 23rd Mar 2017
  • Get monthly EMI as low as Rs. 776 per lakh with DHFL now offering home loans with loan tenure upto 30 years.
  • Lowest home loan interest rate currently offered by DHFL is 8.60%, for which the EMI per Rs. 1 lakh loan amount comes to Rs. 991 for a 15 year loan and Rs. 874 for a 20 year loan. Check the EMI for other tenures using the DHFL home loan EMI calculator on this page.

Home Loan EMI Calculator DHFL

DHFL Home Loan EMI Calculator
X
MyLoanCare

DHFL Home Loan EMI

  • Home Loan EMI (or equated monthly instalment) is a fixed amount of money paid by you to DHFL against the loan taken. This is towards repayment of your loan to the bank. Every month, it is due on a fixed day of the month till your loan is fully paid back.
  • With DHFL offering Home Loans with loan tenure upto 30 years, the loan EMI can be as low as Rs. 776 per lakh, to make it more affordable and convenient to meet your needs. Lowest Rate of interest offered by DHFL on Home Loan is 8.60%.
  • Loan Tenure
    Loan Amount (Rs.) 15 years20 years30 years
    2,500,000 24,76521,85419,400
    5,000,000 49,53143,70838,801
    7,500,000 74,29665,56258,201
    10,000,000 99,06187,41677,601
  • This EMI consists of both interest payment and principal repayment. Though the EMI amount will remain constant, the principal component keeps increasing and on the other hand the interest component keeps reducing.

DHFL Home Loan EMI calculator formula

P*r* (1+r)^n/([(1+r)^n]-1)
Here is an illustration of how DHFL Home Loan EMI is calculated:
In above formula,
P = Loan amount. This can range from Rs. 1,500,000 to Rs. 50,000,000
r = Rate of interest per month. Current rate is 8.60%, which is linked to DHFL PLR
n = tenure in month. For DHFL, this can be 360 months

Will the DHFL home loan EMI remain constant or change in future? What happens in case of increase or decrease in interest rate?

  • Typically, the home loan EMI remains unchanged unless the customer requests for a change and the same is approved by DHFL subject to its eligibility conditions (note that nominal charges may apply for effecting a customer initiated change in EMI)
  • In case the floating rate of interest on your home loan increases, DHFL will typically keep the EMI constant but increase the loan tenure. So, you will pay the same EMI but for a longer duration. In case the interest rates increase to an extent that the revised loan tenure is more than the maximum permissible by DHFL, the bank may increase your EMI amount.
  • For partly disbursed loans availed under tranched EMI scheme, your loan EMI will increase with each disbursement.

Will home loan EMI change in case of prepayment?

  • DHFL allows prepayment at nil charges or penalty in case of floating rate home loans.
  • When you make a prepayment, the outstanding principal amount on your home loan reduces. In this case, you may choose to either keep the EMI the same and reduce the loan tenure (that is pay off the loan faster) or reduce the EMI and keep the loan tenure the same (that is pay lesser amount every month). It is beneficial to keep the EMI constant and reduce the loan tenure as you pay less interest to the bank in this option.
DHFL Home Loan EMI Calculator News - Mar 2017
10th Mar 17 DHFL eyes 35 percent growth in its education loan book at Rs. 12,000 crore
Avanse Education Loans, education loan arm of housing finance company DHFL expects to witness a significant growth of 35 percent in its education loan business in FY18. The NBFC targeting a portfolio of Rs. 12,000 crore of education loans FY18 that stands at Rs.900 crore in FY17.
10th Mar 17 DHFL raises funds of Rs. 1,500 crore via debentures
Deewan Housing Finance Limited has raised funds worth Rs. 1,500 crore by issuing non-convertible debentures to LIC. The debentures with a maturity period of 10 years will carry a coupon rate of 8 percent.
21st Jan 17 DHFL expects a growth of 25 percent in home loan disbursements in Kerala
Dewan Housing Finance is expecting a healthy growth of 25 percent in loan disbursements in Kerala over the next three financial years. . DHFL has registered a growth of 20 percent in its loan disbursements during first three quarters of FY 17.
19th Jan 17 DHFL expects 30 percent growth in home loan business in Telangana and Andhra Pradesh
DHFL, a leading housing finance company is expecting a 30 percent growth in its home loan disbursements in the state of Telangana and Andhra Pradesh during the current financial year. The company has disbursed home loans of Rs. 1700 crore during FY 2016 in these two states. The growth is expected to be driven by a steady demand for affordable houses.
05th Jan 17 DHFL cuts home loan rates by 0.5 percent
Dewan Housing Finance Corporation Ltd (DHFL) has reduced its home loan lending rates by 0.5 per cent for new home loan buyers. The new home loan rates are reduced to 8.60 percent as compared to 9.10 percent earlier. The revised rates are effective from 4th January, 2017.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.